ES downtrend channel MICRO E-MINI S&P 500 INDEX FUTURES (DEC 2020) CME_MINI:MESZ2020 nikodemuskell Friday saw a very strong short covering rally. Anchored VWAP from 6 weeks ago is within reach, as well as the top end of the downtrend channel . This could be a new bull flag - the most likely catalyst are stimulus rumors.